Are Precious Metals Investments?
In my Jan. 7, 2021, column that appeared in the Feb. 2, 2021 issue of Numismatic News (online at www.numismaticnews.net/coin-market/silver-1-performing-asset-in-2020), I noted that the price of gold From Dec. 31, 1999, to Dec. 31, 2020, had increased more than 550 percent, as measured in U.S. dollars. Further, I noted that this performance was better than that of other precious metals and major U.S. stock indices over the same time period.
One reader of the column took exception to this information (“Precious Metals Not the Best Investment Out There,”). He noted that if someone had purchased one share of Coca-Cola in 1919 for $40 and held it until today that the appreciation in this stock far outperformed that of gold over the same time period.
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